Markets were mixed at the start of the last trading day for 2016. As of the close today, the soybean futures market was up almost $1.50/bushel for the year, which is incredible given the size of production in the Southern Hemisphere and U.S. General Comments Markets were mixed overnight and started the last day of trading for 2016 the same way. Soybeans were weaker, but corn and wheat were higher. As might be expected, volume was light.Managed money is estimated to end 2016 short 101,000 contracts of Chicago wheat futures and 97,000 contracts of corn. They are estimated to be long 99,000 contracts of soybeans, 15,000 lots of soymeal and 81,000 lots of soyoil.It is interesting to note that as of the close today, corn futures were down just...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
From WPI Consulting
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.